[The following information applies to the questions displayed below.] The comparative financial statements prepared at December 31, 2015, for Prince Company showed the following summarized data:

	2015	2014
Income statement
Sales Revenue	190,900	167,300
Cost of goods sold	113,000	102,000
Gross Profit	77,900	65,300
Operating expenses and interest expense	56,700	53,700
Pretax income	21,200	11,600
Income Tax	6,200	3,100
Net Income	15,000	8,500
Balance Sheet
Cash	4,600	6,500
Accounts Receivable (net)	15,300	16,900
Inventory	40,300	32,600
Operational Assets (net)	46,400	36,400
	106,600	92,400
Current liabilities (no interest)	15,100	16,100
Long-term liabilites (10%interest)	44,900	44,900
Common Stock (par $5)	29,900	29,900
Retained Earnings	16,700	1,500
	106,600	92,400

1

.

Present component percentages for 2015 only. Express answers in percentages %

Income statement.

	Component Percentages 2015
Sales revenue (the base amount)
Cost of goods sold
Gross profit on sales
Operating Expenses
Pretax income
Income taxes
Net income

Balance Sheet

	Component Percentages 2015
Cash
Accounts receivable (net)
Inventory
Operational assets (net)
Total assets (the base amount)
Current liabilities
Long-term liabilites (10% interest)
Common stock ($5 par)
Retained earnings

2.	Respond to the following for 2015: (Round your answers to 1 decimal place.)

a.	What was the gross profit percentage?